Swing Trading for Nifty Futures

[kthakker0]

03/05/2012 Thursday

Hi all,

Yesterday it a gap up opening today NF opened gap down that too below 5235 level, not a good sign for rally.

As written previously below 5235 its 5195 then 5175 and below 5156 it doom.

Weekly indicators are in negative so rally will not sustain and GAAR is the only hope for rally as of now.

Be careful while shorting NF as NF trading above 5235 has still hope for rally 5235 should be the SL for all your shorts.

Bye

 

[kthakker0]

03/05/2012 Thursday

Hi all,

As written in one of my previous article that India could repeat history by mortgaging the gold to pay for its imports has become a reality with...

Morgan Stanley report, that India is on a high risk to default on BoP and is the only country with a wide current account deficit, Gov is advised to cut it's spending, which is hardly possible, and with Rupee in a bearish trend any recovery in our market is a distance possibility as fall in Rupee increases the price of doing business in India including trading. This has spike the market sentiments very badly thus reversing the market from imp levels.

The clarification on GAAR is the only hope to change the market sentiments as it can open the fund gates of FII to invest more in our markets.

Tomorrow's range is 5235-5195 and if NF trades below 5150 will confirm the negative sentiments.

But there is a high possibility that market could reverse from 5156
But to rally NF above 5235 has to cross and sustain above 5265 level

Bye.

 

[kthakker0]

04/05/2012 Friday

Hi all,

Second Gap down open below yesterday's low and close confirms the negative sentiments and with NF traded below 5150 the chances are very slim to rally.

Falling Rupee is adding the costing pressure of every one and eroding the margins at a faster pace then earning.

But GAAR still has the power to reverse it so Monday is the "D" day for this market.

Last official low of NF is 5133 and if today NF closes below 5156 then will see NF trading sooner or later at 5050-5000

Support below 5156 is at 5118 and then its 5080-5050

5133
Officially 5133 is taken out and now whenever 5118 is breached then NF will trade between 5080-5050-5000

Bye

 

[kthakker0]

04/05/2012 Friday

Hi all,

All the targets below 5156 of NF are achieved and now don't carry forward any sell orders as Monday could be different.

Monday's range is 5235-5078 with 5156 as the trend setter.

Bye

 

[kthakker0]

07/05/2012 Monday

Hi all,

Today is the last day of Gann Turning and also an important day.

All my targets are achieved today and now 1 of the 2 possibilities can happen

If NF closes above its OP 5025 then reversal could be a possibility, but...

If NF breaches 5000 then the levels to watch out are 4980 and 4962 (Could be a strong support level to arrest the downfall)

If 4960 is breached then NF will trade between 4960-4900 where 4922 can be an important level to consider for a trend change.

Lets see what happens

Bye

 

[kthakker0]

07/05/2012 Monday

Hi all,

There is a rumor that FII's collectively undertook the responsibility to make the Gov change its decision on GAAR.

And that collective effort has indeed changed the sentiments. In-fact we have to learn from FII on how to use our collective strength to fight against what we feel is our right.

Those who were / are still short above 5025 have indeed paid the price by now.

Today's close above 5080 will be a big boost to already positive sentiments.

As said we earn both the ways short and long.

Bye

 

[kthakker0]

08/05/20123 Tuesday

Hi all,

GAAR is officially out of picture but it has left some scars and some unanswered question which will take time to get cleared.

Over all market sentiment is negative and premium between Spot and NF has narrowed down, this signals that rallies could be short lived.

Traders are not betting long as every one believes in Congress ability to surprise the market on the negative side more often.

As said yesterday close above 5080 will change the sentiments has indeed happened, but this sentiment has to be maintained by closing above 5080 with volumes for next 2 days, only then the market will breath a sign of relief.

But close below 5080 can again tank the market down to 5000 levels and if 5000 is broken then its 4980-4962.

Bye

 

[kthakker0]

08/05/20123 Tuesday

Hi all,

GAAR, after all has left many scars and this has frightened all the FII's for which the effect is NF trading below 5000

Congress has proved again that it does possess the ability to surprise the market.

Why the hell did Pranab touched GAAR. Pranab is a good trouble shooter but unfortunately he has made many blunders related to Finance and probably for this reason he is promoted to be a President.

Congress has created a new definition. "Prove that you are not worthy of doing any thing right and you will be promoted to higher and higher positions in the Government".

NF below 5080 was not the ideal price to go long for which we saw mirror effect, yesterday short traders may have paid the price above 5025 and today long traders may have paid the price below 5080

Volatility is the demand of the day as tomorrows range is between 4962-5100

If 4960 is breached then my next target is 4922

Bye

 

[kthakker0]

09/05/2012 Wednesday

Hi all,

NF have reversed from 4965 where 4962 was our target and my today's intraday target is 5080 with 5040 as a strong intraday level. NF trading above 5040 will bear positive sentiment.

But if for some reason 4960 is breached then stay short for 4922 levels.

Bye

 

[kthakker0]

09/05/2012 Wednesday

Hi all,

With the breaching of 4960 my next target is 4922 with 5040 as the SL for shorts.

Rally if any will be short lived as stocks are butchered more then 3% on the down side with out any buying support and it will take a while before any meaningful rally takes place.

Tomorrows range is 5040-4960 with 5000-5010 as an intraday level to watch out for.

Bye